U.K. fintech Revolut has hit yet another roadblock to its longstanding mission of becoming a real bank in its home country: Its full banking license is on hold because the country’s central bank is concerned over whether the startup can maintain its risk management controls in the face of its blazing fast international expansion. The […]
UK is delaying Revolut’s banking license over risk management concerns Read More »
Karat Financial, the company known for its credit cards for creators, is launching a creator-focused business banking product. Powered by digital bank Grasshopper, Karat’s banking product is a natural extension of its credit card offering with Visa. “Six years in, the problem we’re solving is still the same,” co-founder and co-CEO Eric Wei told TechCrunch.
Karat Financial is bringing business banking to creators Read More »
India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services. The Institute for Development and Research in Banking Technology (IDRBT) will serve as the exclusive registrar for the new domain, the Reserve Bank of
India to launch new domain name for banks to fight digital fraud Read More »
Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital; the startup had been completely bootstrapped.
Interface.ai raises $30M to help banks field customer requests Read More »
The money transfer and fintech company Wise announced on Friday that some of its customers’ personal data may have been stolen in the recent data breach at Evolve Bank and Trust. The news highlights that the fallout from the Evolve data breach on third-party companies — and their customers and users — is still unclear,
Fintech company Wise says some customers affected by Evolve Bank data breach Read More »
Owners of small- and medium-sized businesses check their bank balances daily to make financial decisions. But it’s entrepreneur Yoseph West’s assertion that there’s typically information and functions missing from bank accounts that owners could really use. “SMBs make up 44% of U.S. GDP, underpin the economy and have a deep impact on all of us,”
Relay raises $32.2 million to help smaller businesses manage their cashflow Read More »
Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, via its B2B practice. The expansion is a natural move for the company and one that has been in the works for a couple of years, according to Immad
